Latest News for: Sweden mining


Sweden Wants to Lessen the Amount of Crypto Mining in Europe

LB News 05 Dec 2021
This time around, many authorities in Sweden feel that the process of crypto mining should be curbed throughout Europe ... Sweden Looks to Crack Down on Crypto Mining ... If we were to allow extensive mining of crypto assets in Sweden, there is a risk that the renewable energy available ...

SMALL CAP MOVERS: Beowulf; John Lewis of Hungerford

This is Money 03 Dec 2021
Not investors this week, as they piled into the mineral exploration and development company after sensing the wind of change in Sweden towards mining projects such as Beowulf's Kallak project ... Sweden's new Minister of Enterprise and Innovation.

SMALL CAP MOVERS: Beowulf and the epic story of reindeer herding, plus John Lewis (the ...

The Daily Mail 03 Dec 2021
Who's afraid of big, bad Beowulf Mining?. Not investors this week, as they piled into the mineral exploration and development company after sensing the wind of change in Sweden towards mining projects such as Beowulf's Kallak project ... 'In Sweden industrial activity and reindeer herding coexist', claims the boss of Beowulf Mining.

Weak US jobs data pulls European markets into the red

Belfast Telegraph 03 Dec 2021
Oliver Males, financials analyst at Spreadex, said ... Elsewhere, Beowulf Mining shares jumped as investors reacted to comments from the new Swedish Prime Minister about the need for more mines in Sweden. The firm, which is awaiting the result of an application for a concession at the Kallak iron ore resource in Sweden, rose by 2.5p to 9.75p ... Most Read ... .

Bitcoin mining powers the system that oversees transactions and creates new bitcoins

Business Insider 29 Nov 2021
The high cost of Bitcoin mining makes it impractical for many individuals ... This year, Swedish government officials wrote an open letter requesting that the European Union ban Bitcoin mining, emphasizing that this activity is reducing the chances that Sweden will be able to meet the goals it agreed to by the Paris Climate Agreement.

Sustainable mining drives PH economic recovery

The Manila Times 28 Nov 2021
As the Mines and Geosciences Bureau (MGB) celebrates its 123rd founding anniversary with the #MineResponsibility campaign, it shows that the journey has not been easy hurdling obstacles especially environmental concerns ... 7942 or the Philippine Mining Act of 1995 and its Revised Implementing Rules and Regulations (IRR).

Swedish Authorities Warn about Cryptocurrency Mining

Finance Magnates 26 Nov 2021
According to the details outlined by the letter, many cryptocurrency mining firms have moved to Sweden in recent months amid a ban on the mining of digital currencies in China ... “Between April and August this year, electricity consumption for Bitcoin mining in Sweden increased by several hundred percent and now amounts to 1 TWh annually.

Crypto assets big threat to people, climate: Swedish authorities

The Siasat Daily 26 Nov 2021
Crypto assets also have a significant negative impact on the climate as mining leads to both large emissions of greenhouse gases and threatens the climate transition that needs to happen urgently ... They called for an EU-level ban on the energy-intensive mining method proof of work.

Cryptocurrency roundup: Black Friday crypto crash

Moneyweek 26 Nov 2021
Sweden calls for EU-wide ban on “proof-of-work” cryptocurrency mining ... In an open letter to the E says that, with China banning crypto-mining, that miners will move in to take advantage of Sweden’s renewable energy, which the country needs "for the climate transition of our essential services".

El Salvador President Mocks Sweden’s Anti-Bitcoin Mining Stance

Bitcoin Warrior 26 Nov 2021
... to comment against Sweden’s long-standing anti-Bitcoin Mining stance.

Europe Must Ban Bitcoin Mining To Hit the 1.5C Paris Climate Goal, Say Swedish Regulators

Slashdot 25 Nov 2021
In an open letter, the directors of Sweden's top financial and environmental regulators called for an EU-wide ban on "proof of work" cryptocurrency mining, for Sweden to "halt the establishment" of new crypto mining ...

‘Battery arms race’: how China has monopolised the electric vehicle industry

The Observer 25 Nov 2021
Some of the batteries that drive them are Chinese-made and the minerals that power the batteries are largely refined and mined by Chinese companies ... Most of that cobalt comes from the Democratic Republic of the Congo (DRC), where almost 70% of the mining sector is dominated by Chinese companies.

Sweden says Europe should need to ban crypto mining due to environmental concerns

Inside Bitcoins 24 Nov 2021
While Bitcoin supporters state that the mining process will eventually go green, Sweden has come up with a proposal urging the EU to ban Bitcoin mining ... The directors also stated that cryptocurrency mining in Sweden had increased significantly between April and August.

Expectations run high with Beijing 2022 set to unite the world

People Daily 24 Nov 2021
  ... -- Boycotting the Olympic Games not only goes against Olympic values but also harms the interests of athletes ... BEIJING, Nov ... Equally as enthusiastic is Tampa Bay Lightning defenseman Victor Hedman, who will wear the colors of his native Sweden. "The Olympics is one of the biggest dreams of mine and I haven't been able to participate in one ... .